https://www.taxtmi.com/caselaws?id=22139 The High Court ruled in a case concerning the computation of capital gains on property sales for the assessment year 1974-75. The court held that a payment of Rs. 40,000 made by the assessee to a third party was not deductible in determining capital gains as it was unrelated to the properties sold. Additionally, expenses incurred by the assessee's wife in litigation were rightly disallowed as they were not directly linked to the property transfer. The court affirmed the decisions of the lower authorities, ruling in favor of the Revenue and denying the assessee's claims. en-us Thu, 03 Jan 1991 00:00:00 +0530 Mon, 07 Dec 2009 15:03:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22139 The High Court ruled in a case concerning the computation of capital gains on property sales for the assessment year 1974-75. The court held that a payment of Rs. 40,000 made by the assessee to a third party was not deductible in determining capital gains as it was unrelated to the properties sold. Additionally, expenses incurred by the assessee's wife in litigation were rightly disallowed as they were not directly linked to the property transfer. The court affirmed the decisions of the lower authorities, ruling in favor of the Revenue and denying the assessee's claims. Case-Laws Income Tax Thu, 03 Jan 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22139